Gifts of Stock
Changing the world for farm animals through philanthropy.
Did you know that giving stock may be more beneficial to you than writing a check?
Donate stock to Farm Sanctuary and make the most of your contribution to protect farm animals from cruelty and abuse. Many donors find it convenient to use stock as a way of gifting their favorite charitable organization, and there are tax savings benefits, as well.
When you donate appreciated stock from your long-term holdings to Farm Sanctuary, a 501(c)(3) charitable organization, and you often may deduct its full market value without paying any tax on the long-term capital gain. This benefits both you and farm animals! You get an additional tax deduction, and Farm Sanctuary receives a larger gift than if you had sold the stock, paid tax on the gain, and given the remainder to Farm Sanctuary.
You purchased 200 shares of Stock A at $5/share in 2001.
If you donate 100 shares of Stock A, now worth $10/share, to Farm Sanctuary in 2003, you pay no capital gains taxes and you receive a $1,000 tax deduction.
Even if your stocks have depreciated in value, donating them to Farm Sanctuary can turn your loss into a win. Simply sell your stock at a loss, make an equal donation to Farm Sanctuary, then claim a charitable deduction for the gift and deduct the stock’s decrease in value from your income.
When you transfer stock to arrive before December 31, you can claim the tax deduction on your tax return! You should always check with your own tax advisor before making a gift of stock or securities.
Please note that gifts of stock and securities often arrive in Farm Sanctuary’s account without identifying information. To ensure that we can properly acknowledge your generosity for farm animals, please let us know your name, address, and the number and type of shares you are transferring in advance.
Farm Sanctuary Merrill Lynch Account Information
for stock and securities transfers*
Account Name: Farm Sanctuary Inc
Account Number: 80H-02056
For Benefit of Farm Sanctuary Inc Acct# 80H-02056
You would instruct your broker as to which stock and how many shares to transfer, and the proceeds would go directly to Farm Sanctuary.
* Many electronic transfers of stock arrive in Farm Sanctuary’s account with no donor information. We want to say thank you and ensure you receive your tax receipt for your records. Please let us know in advance the gift detail including your name, address, the number of shares, and type of shares so that we may properly acknowledge your kindness for farm animals.
For additional information or for help in making a gift of proprietary mutual funds or a wire transfer of cash, please, contact Farm Sanctuary at 607-342-1607 or email email@example.com.
Thank you for being a protector of farm animals! You make the difference.